Preformed Line Products Co. of Cleveland, which makes energy and telecommunications products, announced Tuesday a $16 million expansion of its Rogers manufacturing plant.
The move will add 82,000 SF, allowing the publicly traded company (Nasdaq: PLPC) to expand manufacturing capacity and provide more warehouse space to ensure adequate product stock for customers.
Plant Manager Dan Harryman said it will be the 53-year-old facility's seventh expansion.
"This latest expansion will add to our plastic injection molding capabilities and provide much-needed relief in the warehousing and shipping areas of the plant," Harryman said. "Business growth has been very strong, and this expansion will allow us to continue to provide our customers with the great products and service we are known for."
The facility employs more than 450 people, and the company said it plans to continue hiring. It said that over the past 12 months, it has added more than 75 employees and plans to add 50 jobs in the coming months.
The project will raise the size of the facility to 423,000 SF, Rob Ruhlman, president and CEO, said.
According to the Arkansas Economic Development Commission, the project has qualified for two incentive programs: Advantage Arkansas, which provides state income tax credit for job creation based on the number of new employees hired as a result of the project, and Tax Back, which provides sales tax refunds on building materials, taxable machinery, and equipment associated with the project.
Founded in Cleveland in 1947, PLP has grown from one location to more than 20 and now employs more than 3,000 people worldwide, with wholly-owned subsidiaries in more than a dozen counties.
It provides essential components to the energy and telecommunications industries, supplying utilities and communications providers with the necessary products to repair and enhance power utility infrastructure and broadband internet services.
PLP opened its Rogers plant in 1969 as a 48,000-SF operation that employed 20 people. The company is celebrating its 75th anniversary this year.